Venture Capital Investment in China Surged Amidst Global Slowdown
Investments in Chinese tech companies had a 50% surge in the first quarter of 2016. Nevertheless, many of the investments were spent in the big startups.
Regions
South Korea Joins Digital Economy Partnership, Boosting Global Digital Trade Initiatives
South Korea joins the Digital Economy Partnership Agreement (DEPA), boosting global digital trade initiatives.
Uranium Stocks Surge But Ban on Russian Supplies Might Have Dire Effect to US Economy, Expert Warns
The ban on US imports of Russian uranium is expected to shake up the nuclear power industry and push prices back beyond $100 per pound for the fuel, which has been in short supply...
EU Vows $1 Billion Aid for Lebanon Amid Spiralling Economic Crisis
The European Union has recently unveiled a substantial aid package of 1 billion euros, approximately $1.06 billion, aimed at addressing the challenges faced by Lebanon...
Goldman Sachs Removes Bonus Cap for UK Bankers
After the UK removed local pay restrictions for bankers last year, Goldman Sachs was the first to remove its bonus cap for its bankers...
Joe Biden Says 'Xenophobia' Hinders China, Japan, and India's Economic Growth as US Benefits From Migration
President Joe Biden said "xenophobia" among countries like China, Japa...
US Accuses Russia of Quietly Shipping Refined Petroleum to North Korea at Levels Violating UN Cap
The US has revealed that Russia has been discreetly supplying refined ...
Latest News
Italian Banks Face a Bailout Following a Surmounting Bad Loans
Italy faces a €4.95 billion ($5.65 billion) bailout after bad loans in its banks accumulated to an alarming rate.
The bank shares have lost close to half of its value in the last 12 months.
African Farmers Now Supported With Mobile Drought Insurance
Due to extreme dry weather conditions, African farmers are seriously affected by their crops failure with little or no more money to replenish their lands or support their families. With the mobile dr
US court rejects $12.25-mln Lyft lawsuit settlement
A US Court has rejected $12.25-million legal case between Lyft and its drivers. Lyft and attorney of drivers need to sit back again on further discussions after the latest judgment.
European banks under regulators' scanner amid Panama Papers issue
European banking regulators have begun probing links between banks and tax havens in the wake of leakage of Panama Papers. Switzerland's financial watchdog FINMA has cautioned banks to crack down on m
Verizon to bid for Yahoo, Yahoo Japan stake
Verizon Communications Inc will bid for Yahoo's web business, while Alphabet Inc's Google unit is also exploring options on bidding for it. Additionally, Verizon may also make an offer for stake in Ya
Exxon Mobil to shell out $10.75mln to New York over oil spill cleanup costs
Exxon Mobil Corp will pay $10.75 million to New York State reimbursing costs on oil spill cleanup. The payment will cover New York Environmental Protection and Spill Compensation fund's costs.
South Africa's Wheat-Import Tariff Increase Could Worsen Inflation
South Africa is experiencing wheat shortages prompting grain importation. The increased tariff has been approved but Treasury requested the Trade and Industry sector to review it as it will affect the
Boeing CEO sees risk in US EXIM policy
The inability to access export finance is causing sales loss for several US majors including Boeing Co. The board of US Export-Import Bank is yet to be accommodated with a third member, without this e
Asian shares, oil, bonds move up ending bruising week
Oil price, Asian stocks and bond yields were trading marginally higher on Friday ending the week on positive mode. Japanese currency Yen continued to rise against US dollar and this also further aided
